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In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...
Persistent link: https://www.econbiz.de/10011689937
The privatisation policy pursued in the UK by Mrs Thatcher's government (1979-1990) and subsequently by Mr Major's government (1990-1997) was the largest experiment in public divestitures among capitalist economies. It had a deep impact on economic policy-making world wide, and was vastly...
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This paper deals with fluctuations over time in the extent of the state-owned firm sector nationalization-privatization …
Persistent link: https://www.econbiz.de/10010275267
the post 2010 nationalization deals were much smaller than the 1990-2000 privatization deals. …This study is a natural continuation of the author’s earlier book on privatization in Hungary, covering the … somewhat misleading, if compared to the privatization revenues generated by previous governments prior to 2010. However, if all …
Persistent link: https://www.econbiz.de/10010494615
case study presents the largest-ever land privatization in Hungarian history, when the territories retaken by the Habsburgs … similar means, even if the general historical conditions are entirely different; and the same notions - like privatization or … nationalization - have entirely different meanings. As we show, the confiscation of the property of religious orders by Joseph II …
Persistent link: https://www.econbiz.de/10011516978
The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various … aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why … privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and …
Persistent link: https://www.econbiz.de/10010294495
liberalization and their privatization which can be complete or partial such that upstream production is still run by an SOE. We show … in most cases even if a holdup problem exists. For any vertically separated structure we find that privatization through … multi-product firms welfare dominates privatization through single-product firms. …
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